Business
EU receives U.K. letter officially kicking off Brexit talks
The U.K. government letter formally starting the Brexit process has been received by Donald Tusk, president of the European Council, kicking off two years of negotiations. The letter, which invokes Article 50 of the Lisbon Treaty, formally states the U.K.’s intention to withdraw from the European Union. It was handed over at lunchtime Wednesday in Brussels after being signed by British Prime Minister Theresa May the day before. “After nine months, the U.K. has delivered,” Tusk said in a post to Twitter. Speaking to lawmakers in the House of Commons, May said, “This is a historic moment, and there’s no turning back.” The pound GBPUSD, -0.2410% nudged higher to $1.2468 after the letter’s delivery, after dropping to $1.2456 late Tuesday. U.K. stocks stayed 0.3% lower for the session, with the FTSE 100 UKX, -0.09% at 7,332.69.
Marketwatch
-
Economy2 days agoNigeria Sovereign Investment Authority announces winners of $275,000 prize for innovation
-
Finance2 days agoAirtel Money reports 25% growth in first-half revenue in maiden results
-
Economy2 days agoFG targets single-digit inflation by end-2027 to unlock cheaper borrowing— Oyedele
-
News2 days agoEFCC arrests 14 Chinese nationals in Nigeria for operating illegal lithium processing plants
-
Maritime2 days agoNIMASA, ITF signs MOU on Seafarer wellbeing, MoU First in Africa—ITF
-
Oil and Gas2 days agoHoneywell Technologies launches new AI platform at Dangote’s Nigeria refinery
-
Finance16 hours agoUBA seeks jail term for WEMPCO directors, intensifies N61bn loan recovery drive
-
Oil and Gas16 hours agoBayelsa suspends oil firm’s land acquisition over fatal community dispute